Stocks Rally as Micron Revives AI Bets, Oil Slumps: Markets Wrap
This content was published on
(Bloomberg) — Global stocks rebounded from a two-day slide as Micron Technology Inc.’s blowout sales forecast reignited enthusiasm for the artificial-intelligence trade and Brent oil erased all of its wartime gains.
A $30 Billion Cancer Breakthrough Is Under Threat From Global Conflicts
This content was published on
(Bloomberg) — At the Hirslanden clinic overlooking Switzerland’s picturesque Lake Lucerne, prostate cancer patient Jörg Pegelow lies on a reclining chair as a doctor wearing two sets of gloves — one made with lead — injects a saline solution laced with a radioactive drug into a vein in his arm.
Stocks Climb Late After Micron’s Blowout Outlook: Markets Wrap
This content was published on
(Bloomberg) — Stocks climbed in late hours on speculation that Micron Technology Inc.’s strong outlook will help reignite confidence in the artificial-intelligence trade that has powered the market rally from war-driven lows.
France Records Hottest Day as European Heat Wave Intensifies
This content was published on
(Bloomberg) — France recorded its hottest ever night and day as the heat wave searing western Europe deepened, disrupting schools, transport and tourist sites.
Rubio Meets Gulf Leaders After Rocky Start to US-Iran Talks
This content was published on
(Bloomberg) — US Secretary of State Marco Rubio met the leaders of the United Arab Emirates and Kuwait on Wednesday, as he looks to reassure Persian Gulf allies of the strength of an interim peace agreement with Iran.
Masayoshi Son Calls AI Bubble Talk an ‘Insult,’ Delays Retiring
This content was published on
(Bloomberg) — SoftBank Group Corp.’s Masayoshi Son brushed aside concerns about an AI bubble, saying that such a characterization is inappropriate for a revolution that’s only just begun. He vowed to remain at the helm of his investment group much longer to capitalize on the AI boom.
Trump Defends Unfreezing Iran Funds as Senate Rebukes Him on War
This content was published on
(Bloomberg) — President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress.
Stocks Slide as Wall Street Gets AI Wake-Up Call: Markets Wrap
This content was published on
(Bloomberg) — Wall Street got a reality check as a bruising selloff in several technology giants fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown.
Platinum Is Said Sole Remaining Bidder for Nestle Water Unit
This content was published on
(Bloomberg) — Platinum Equity is the last remaining bidder for Nestle SA’s water business after rival Clayton Dubilier & Rice dropped out of the race, according to people familiar with the matter.
Iran Oil Waiver Offers Lifeline to Tehran as Talks Proceed
This content was published on
(Bloomberg) — The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.
Stocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets Wrap
This content was published on
(Bloomberg) — Wall Street traders drove stocks down from the brink of record highs as a slide in several tech giants overshadowed optimism about progress in peace talks between the US and Iran. Oil retreated.
Iran Cites ‘Major Progress’ After All-Night Talks With US
This content was published on
(Bloomberg) — Iran said there had been “major progress” in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.
US and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz Open
This content was published on
(Bloomberg) — The US and Iran made “encouraging progress” in talks on a peace deal and will continue technical-level discussions this week, mediators said, even as President Donald Trump again threatened strikes if Hezbollah keeps attacking Israel.
The ‘Mass Affluent’ Are Losing Their Allure for Wealth Managers Navigating AI
This content was published on
(Bloomberg) — Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.
US-Iran Talks Set to Open as Vance Arrives in Switzerland
This content was published on
(Bloomberg) — US-Iran talks on a permanent ceasefire were set to kick off Sunday with top officials including US Vice President JD Vance converging in Switzerland, even after Iran issued a renewed order to close the Strait of Hormuz.
Swiss Voters Set to Reject Stricter Neutrality, Early Poll Shows
This content was published on
(Bloomberg) — Swiss voters are set to reject an initiative to strengthen neutrality, according to an early poll, a result that could support keeping up sanctions against Russia.
Pakistani Premier Heading to Switzerland to Join US-Iran Talks
This content was published on
(Bloomberg) — Pakistani Prime Minister Shehbaz Sharif and military chief Asim Munir are heading to Switzerland to take part in US-Iran talks, the government announced Saturday, bringing one of the key mediators between the two adversaries to the table.
Iran-US Talks to Take Place Sunday in Switzerland, Pakistan Says
This content was published on
(Bloomberg) — Iran and the US will hold technical-level talks on Sunday in Switzerland, Pakistan’s Ministry of Foreign Affairs said.
US-Iran Nuclear Talks Stall as Fighting Rages On in Lebanon
This content was published on
(Bloomberg) — Fighting between Israel and Hezbollah continued unabated in southern Lebanon, casting fresh uncertainty over planned talks between the US and Iran to permanently end the war in the Middle East and curb Tehran’s nuclear program.
Charting the Global Economy: Warsh’s Tenure at the Fed Begins
This content was published on
(Bloomberg) — Federal Reserve Chairman Kevin Warsh presided over his first policy meeting since taking the helm of the US central bank, vowing to restore price stability as officials signaled growing support for interest-rate hikes this year.
